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Stocks Closing Lower as Drugmakers Fall

Dow ends day down 85
By Newser Editors and Wire Services
Posted Oct 30, 2017 3:11 PM CDT
Stocks Closing Lower as Drugmakers Fall
Specialist Peter Mazza, left, works with traders Kevin Lodewick, center, and Joseph Lawler on the floor of the New York Stock Exchange, Thursday, Oct. 26, 2017.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing lower on Wall Street as health care companies and smaller firms tumbled, the AP reports. Drugmaker Merck fell 6.1% Monday after it withdrew a marketing application for its drug Keytruda in Europe. Smaller companies skidded. The Russell 2000 index fell 1.2% to 1,490. That was its biggest loss since mid-August. Technology companies continued to rise. Apple jumped 2.4% and closed at an all-time high. The Standard & Poor's 500 index slipped 8 points, or 0.3%, to 2,572. The Dow Jones industrial average fell 85 points, or 0.4%, to 23,348. The Nasdaq composite fell 2 points to 6,698. (Read more stock market stories.)

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